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The Wealth Blog

Government Cash Grab – your bank account may be at risk

Households face losing up to $109 million from their family savings as the Federal government moves to seize cash from inactive bank accounts. After legislation was rushed through parliament, the government will from May 31 be able to transfer all money from accounts that have not been used for three […]

What is a comparative interest rate?

You may have noticed in recent times a steady rise in car advertisements pushing an ultra low interest rate, described as a Comparison Interest Rate. We have recently been asked a few times about this ‘Comparison Interest Rate’ and if it should be trusted. Interestingly enough, this new way of describing rates will […]

Thousands of Aussies to lose up to $2,000

———— * If you have lost or inactive super accounts with less than $2000 in them, your money will be transferred to the ATO by the end of May. * You will lose any insurance arrangements you have with your fund. * Google “ATO SuperSeeker” to access the ATO’s website, […]

Protect yourself against Melanoma

————– What you might not know about Melanoma. The early European settlers to Australia found themselves in a land alien to that which they had left far behind. Despite the multitude of differences, many echoed the sentiments of Dorothea Mackellar and grew to love the sunburnt country they found themselves […]

Super alert

———————– Have you reviewed your super contributions lately? The concessional superannuation cap for over-50s has halved again to $25,000, effective for this financial year. Exceeding your contributions cap can be costly The assessments issued to members of Australian super funds state that the affected fund members are subject to an […]